Disclosure is a type of extra explanation. You are required to disclose enough detail to tell the IRS what you are doing. But ...

After the April 15 tax filing deadline, the IRS intensifies its scrutiny on taxpayers who may have committed tax fraud or significant errors in their returns. The focus is on detecting false ...

For many taxpayers, the possibility of an IRS audit can be intimidating. While most taxpayers will never face an audit, it's essential to understand what triggers them, how the process works ...

Opinion: Plante Moran's Jennifer Keegan and Ginger Powell analyze the IRS's auditing approach to the R&D tax credit and ways ...

The looming threat of an audit can crank up the stress of tax season even more. According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly ...

The easiest way to avoid an audit is to slow down, and be “accurate, honest and modest,” said Eric Scaringe, principal at certified public accounting firm UHY. Mismatches. “One thing tax ...